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Grindr (Gay hookup app) Is Owned by a Chinese Firm, and the U.S. Is Trying to Force It to Sell

Posted By: RumorMail
Date: Saturday, 5-Dec-2020 13:28:28
www.rumormill.news/159691

In Response To: CGI's Space_Commando: How Bad is Communist News Network? Just Watch . . . vid (RumorMail)

They're also branching out into the porn industry. Strange as Porn in China is verboten.

They're looking to blackmail :-)

Lynda
***********************

The Trump administration is expanding its efforts to block Chinese acquisitions in the United States, moving to force a Chinese firm that owns Grindr, the gay dating app, to relinquish control over concerns that Beijing could use personal information to blackmail or influence American officials, according to people familiar with the situation.

The action, which is being driven by the Committee on Foreign Investment in the United States, is unusual given that the panel typically investigates mergers that could result in control of an American business by a foreign individual or company, judging whether deals could threaten national security. This appears to be the first case in which the United States has asserted that foreign control of a social media app could have national security implications.

The administration has not announced the move, which will require that Grindr be sold, or explained it. But officials familiar with the case, which was first reported by Reuters, say the concern focused on the potential for the blackmail of American officials or contractors, if China threatened to disclose their sexual orientation, or track their movements or dating habits.

Three years ago, a Chinese firm that owns both gaming and credit services businesses, Beijing Kunlun Tech Co. Ltd., a public company listed on the Shenzhen stock exchange, bought a 60 percent stake in Grindr, which is based in West Hollywood, Calif., for $93 million. Early last year, it bought the remaining shares for a little over $150 million

https://www.nytimes.com/2019/03/28/us/politics/grindr-china-national-security.html





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